Energy Select Sector SPDR Fund

$XLE looks to be set more likely for a further move down, rather than up. The RSI(14) has been staying below 50 and the price seems to be finding resistance in the short term at about $86. With a few trading days coming close to that level before getting knocked back down throughout the day. The energy sector and especially oil prices, are prone to volatile moves based off of quick global macro changes such as OPEC+ cuts, but the stronger U.S. dollar and demand concerns have so far offset that.

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Energy Select Sector SPDR Fund

Joey Ramson